Friday, February 19, 2010

Saudi businessman solution to land grab

...let's grab it together!

"Al-Rasheed had a solution to the social and political implications the land buying deal may have in the host country. He said the deal should be on the basis of partnership between the private sectors of Saudi Arabia and the host country. “A joint venture company should be formed with Saudi side keeping 60 percent while the rest of the share may be floated in the market so that the public of the host country has an interest in it.” The role of the two governments should be limited to official work like in any other joint venture, he added."